No. 44: First Busey Corp.

Fitness/wellness program: An on-site gym and wellness center opened this year, complete with a health bar.

Career development/training program: Three training programs, called Develop, Evolve, and Transform, are designed for employees of various levels. Develop is open to any employee with an interest in self-improvement, while Evolve is competitive and targets emerging leaders. Transform helps First Busey's most influential executives refine their leadership skills.

Communication tool/practice: First Busey hosts many networking events for employees throughout the year, from happy hours to summer cookouts.

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The increasing adoption of virtual card payments by accounts payable departments has created an unex­pected complication for suppliers: more friction in the processing, posting and reconciliation of payments and receivables. The root of the problem is that most suppliers rely on a manual approach to processing e-mailed virtual card payments. Suppliers are forced to balance their organization’s need for operational efficiency and control with rising customer demand to pay with a virtual card. But a new breed of tech­nology enables suppliers to process virtual card payments straight-through, addressing the needs of buyers and suppliers. This paper details the growth of electronic business-to-business (B2B) payments, shows how manual approaches to processing virtual card payments cause friction in accounts receivables, describes a way to process virtual card payments straight-through, and highlights the benefits of friction­less payments.